Government’s New Program for Small Businesses Hurt by Coronavirus is Slowed by Snags

Posted: April 3, 2020

mall business owners across the country woke up early Friday morning, desperate to be among the first to apply for a $349-billion federal relief program — the government’s largest effort to date to keep Americans employed through the pandemic. Instead, they confronted problems and delays, The Los Angeles Times reports.

Some of the nation’s largest banks said they weren’t ready to participate, having received information too late from the Treasury Department. Others were overwhelmed, hit with a deluge of applications from millions of business owners trying to stay solvent amid the economic crisis caused by coronavirus-related shutdowns.

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